West Contra Costa Unified School District September 21, 2011 2010-11 Unaudited Actual Report
Unrestricted General Fund 2010-11 Estimated Unaudited Revenues/Other Sources 169,273,746 171,152,109 168,930,231 168,152,632 Expenditures/Other Uses Net Increase/(Decrease) 343,515 2,999,477 in Fund Balance 15,439,421 15,439,421 Beginning Fund Balance 15,782,936 18,438,898 Ending Balance, June 30
Unrestricted General Fund 2010-11 (continued) Estimated Unaudited Components of Ending Fund Balance: 70,000 70,000 Reserve for Revolving Cash 230,000 237,233 Stores Inventory/PPE Legally Restricted Balance 60,000 Designated Amounts Economic Uncertainties 8,702,373 7,860,452 Unappropriated Amount 6,780,563 10,211,213
Restricted General Fund 2010-11 Estimated Unaudited Revenues/Other Sources 112,146,779 95,370,121 121,148,865 93,852,331 Expenditures/Other Uses Net Increase/(Decrease) (9,002,086) 1,517,790 in Fund Balance 25,612,526 25,612,526 Beginning Fund Balance 16,610,440 27,130,316 Restricted Ending Balance, June 30
Other Funds The district administers 14 other funds with expenditures totaling $193 million Adult Education Special Reserve Capital Outlay Cafeteria County School Facilities Child Development Bond Interest & Redemption Deferred Maintenance Debt Service (COPs) Special Reserve Debt Service Building Self Insurance Capital Facilities Retiree Benefit
Impact to 2011-12 • The closing of the books affects the beginning fund balance for 2011-12 – The actual fund balance for the unrestricted general fund are increased the adjustment to the beginning fund balance occurs at first interim
Cash Position • Unrestricted General Fund Cash – Negative $ 12.3 million • Restricted General Fund Cash – Positive $25.7 million • Net Cash in General Fund $13.4 million – Account Receivable and due from grantors $49.6 million in restricted and unrestricted $33 million is due to State revenue deferrals
Final Steps for 2010-11 • The report presented tonight will be submitted to… – The County Office of Education – The California Department of Education – District Auditors • Final Financial Statements are contained in the Audit which will be presented at the January 4, 2012 Board Meeting
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